Silicon Carbide Fibers Market is Projected to Grow at 8.2% CAGR over the Next Five Years

Stratview Research has launched a research report on Composite Springs Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite Springs Market from 2016 to 2021.

This page report is segmented in five ways to provide a 360 degree holistic view. The segments are –
by Spring Type (Leaf Springs, Coil Springs, Chair Springs and Industrial Springs),
by End Use Industry Type (Transportation, Furniture, and Industrial),
by Manufacturing Process Type (Prepreg Lay-up Process, Compression Molding Process and Other Processes),and
by Region
North America (Country Analysis: US, Canada, and Mexico)
Europe (Country Analysis: Germany, France, United Kingdom, Italy, and Rest of the Europe)
Asia – Pacific (Country Analysis: China, Japan, South Korea, India, and Rest of the Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Middle East, and Others)

Stratview Research, has presented the study of Composite Springs Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The key composite spring manufacturers are Liteflex LLC, IFC Composite, Gordon Composites, Composiflex, and Benteler-SGL. New product development, capacity expansion and process optimization are the key strategies adopted by the key players to gain competitive edge in the market.

Go through the detailed scope: https://www.stratviewresearch.com/toc/182/composite-springs-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/182/composite-springs-market.html

Silicon Carbide (SiC) Fibers Market: Highlights & Drivers

SiC fibers have been the hot topic for research and development from last 20 years. SiC fibers offers many advantages, such as lightweight, high hardness and superior thermal & chemical resistance. The global silicon carbide fibers market offers good growth opportunity and is likely to grow at 8.2% CAGR during the forecast period of 2016 to 2021. Technological advancement, development of new applications in high temperature areas, and high focus of major engine manufacturers to increase the use of SiC fibers in upcoming engine models for commercial and military aircraft are likely to drive the SiC fibers market.

Aerospace and Defense segment is expected to experience the fastest growth
During the forecast period driven by continuous development of new applications in high temperature areas (1,100°C to 1,600°C) of the aircraft engines. SiC Fibers based composites have one-third density to the nearest rival Nickel metal alloys and therefore reduce the overall engine weight significantly. Further, high temperature properties of ceramic matrix composites enhance overall engine performance, durability, and fuel economy. LEAP engine, developed by CFM International for A320neo and B737max platforms will have SiC fibers based ceramic matrix composites in its turbine shrouds. Shrouds are stationary parts in the high pressure turbine that direct air and ensure turbine blade efficiency.

Continuous SiC fibers also known as tow, are expected to experience the fastest growth during the forecast period. Continuous fibers are suitable for ceramic matrix composites (CMC), metal matrix composites (MMC), and polymer matrix composites (PMC). They (continuous fibers) are widely preferred in the aerospace and defense industry.

Composites (CMC, MMC, and PMC) is expected to remain the largest SiC application type During the forecast period. Ceramic matrix composites are the leading composites type and are used in the many applications from aerospace to power generation to nuclear industry.

North America is expected to remain the largest market for SiC fibers
During the forecast period driven by presence of major aircraft engine manufacturers and high demand of CMC components in other industries including power generation and nuclear. Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by growing aerospace and defense industry.

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This release was published on openPR.